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Eight IT firms fined $350,000 in Malaysia's first bid-rigging case

( July 5, 2022, 07:16 GMT | Official Statement) -- MLex Summary: Eight Malaysian enterprises have been fined a total of over 1.5 million ringgit ($350,000) for rigging four different IT-related tenders held by the National Academy of Arts Culture and Heritage, or Aswara, for projects totaling 1.92 million ringgit. In what is the Malaysia Competition Commission's first bid-rigging case, it said it found strong and compelling evidence against the companies, identified as Tuah Packet, Caliber Interconnects, Aliran Digital, ViaMED, Novatis Resources, Silver Tech Synergy, Venture Nucleus and Basenet Technology.The full statement and decision are attached. ...

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